Peter Mathews (Dublin South, Fine Gael)
Link to this: Individually | In context

Question 99: To ask the Minister for Finance the national debt, GDP, GNP, total expenditure and total interest cost of servicing the national debt each year from 1980 to date in tabular form; the projections for the remainder of the decade; and if he will make a statement on the matter. [13334/11]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

The data requested by the Deputy for the period 1980-2015 is set out in the table. The current forecast horizon is out to 2015 and so forecasts post 2015 are not available at present. For consistency, the figures are presented in billions of euro, rounded to one decimal place.

The national debt and national debt interest figures for the years 1980-2009 are set out in the 2010 and earlier editions of the Budgetary & Economic Statistics publication. The 2010 national debt and national debt interest figures have been supplied by the National Treasury Management Agency (NTMA). The 2011-2015 national debt and national debt interest figures are forecasts prepared jointly by the Department of Finance and the NTMA.

The nominal GDP and GNP figures for the years 1980-2004 are from the September 2010 edition of the Budgetary & Economic Statistics publication. The 2005-2010 figures are from the CSO Quarter 4 2010 Quarterly National Accounts publication. The 2011-2015 figures are the Department of Finance forecasts as contained in the recently published Stability Programme Update (SPU).

Finally, the total expenditure figures for the years 1980-2009 are those in Table 1 of the 2010 and earlier editions of the Budgetary & Economic Statistics publication. The 2010 figure is based on the estimated outturns for gross voted current and capital expenditure as per the 2011 Revised Estimates Volume and non-voted current and capital expenditure figures as per the end-December 2010 Exchequer Statement. The 2011-2015 figures are Department of Finance estimates, as per the recently published SPU.